Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2013

The table below presents the reconciliation of earnings per share for the periods indicated:


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2013		2012		2013		2012
	(In thousands, except per share amounts)
Earnings per common share:
Net earnings	$	24,466	$	23,619	$	46,081	$	45,887
Less: Net earnings allocated to restricted stock		75		82		144		149

Net earnings allocated to common shareholders (numerator)	$	24,391	$	23,537	$	45,937	$	45,738

Weighted average shares outstanding (denominator)		104,641		104,378		104,603		104,341
Earnings per common share	$	0.23	$	0.23	$	0.44	$	0.44

Diluted earnings per common share:
Net income allocated to common shareholders (numerator)	$	24,391	$	23,537	$	45,937	$	45,738

Weighted average shares outstanding		104,641		104,378		104,603		104,341
Incremental shares from assumed exercise of outstanding options		273		240		257		221

Diluted weighted average shares outstanding (denominator)		104,914		104,618		104,860		104,562
Diluted earnings per common share	$	0.23	$	0.23	$	0.44	$	0.44